That’s simply not how bank bailouts work. There have been numerous bailouts of banks across Europe and the USA in the last few years, and they’ve all operated under the same principle - governments fund the bailout proportionate to the business the bank does IN THAT COUNTRY. So if a bank is based in Scotland but does 90% of its business elsewhere, the Scottish Government would only be liable (if it chose to bail out the bank at all) for 10% of the bailout. That’s why, for example, the US Federal Reserve contributed an eye-watering £640 billion to save Barclays in 2008, despite Barclays being a UK bank registered in London
mopar_mark wrote:Not sure how factual, but heard Scottish banks bring in more revenue than the Scottish oil.
I guess we won't have to prop up the Scottish banks if this goes ahead ?
Posted: Thu Sep 11, 14 10:01 pm
by mopar_mark
Trigger_Andy wrote:The thing about Scottish Nationalism is we are trying to make a change. We are taking pride in the things we are achieving or will achieve if we get Independence. About the last line, we have met the English.
The picture really suits England well though. It has achieved nothing of note for the last 60 years apart from slowly but surely watch its empire crumble piece by piece. It is destroying itself from the inside out and is rotten to its political core. Scotland wants nothing to do With Trident nor do we wish to join the English in its warmongering.
What is there to say... Your prescription is definitely something good
Posted: Thu Sep 11, 14 10:03 pm
by Trigger_Andy
Riiiiight, thanks for the valuable input........
Mossy68 wrote:
Trigger_Andy wrote:Sooooo, just like the UK does now?
Could you tell me what commodities Norway, Switzerland and New Zealand shares with other countries for support?
Mossy68 wrote:
By sharing its commodities with friendly neighbouring countries in return for " support" should a crisis occur !
New Zealand = sheep with the Australians.
The Icelandic lot = musicians. (Havnt you ever watched the Eurovision Song Contest ?)
Posted: Thu Sep 11, 14 10:13 pm
by Trigger_Andy
Never expected a real response anyway.
mopar_mark wrote:
Trigger_Andy wrote:The thing about Scottish Nationalism is we are trying to make a change. We are taking pride in the things we are achieving or will achieve if we get Independence. About the last line, we have met the English.
The picture really suits England well though. It has achieved nothing of note for the last 60 years apart from slowly but surely watch its empire crumble piece by piece. It is destroying itself from the inside out and is rotten to its political core. Scotland wants nothing to do With Trident nor do we wish to join the English in its warmongering.
What is there to say... Your prescription is definitely something good
Posted: Thu Sep 11, 14 10:20 pm
by mopar_mark
Trigger_Andy wrote:Never expected a real response anyway.
mopar_mark wrote:
Trigger_Andy wrote:The thing about Scottish Nationalism is we are trying to make a change. We are taking pride in the things we are achieving or will achieve if we get Independence. About the last line, we have met the English.
The picture really suits England well though. It has achieved nothing of note for the last 60 years apart from slowly but surely watch its empire crumble piece by piece. It is destroying itself from the inside out and is rotten to its political core. Scotland wants nothing to do With Trident nor do we wish to join the English in its warmongering.
What is there to say... Your prescription is definitely something good
Unfortunately the Daily Fail then goes into full lies and propaganda mode at the bottom of the article. The BBC has also been in full propaganda mode too.
